San Diego, CA -- (SBWire) -- 01/12/2016 --An investigation for shareholders in Lifelock Inc (NYSE:LOCK) concerning whether certain directors of LifeLock, Inc. violated securities laws by issuing potentially materially misleading business information.
Investors who are current long term investors in Lifelock Inc (NYSE:LOCK) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for current long term investors in NYSE:LOCK stocks concerns whether certain Lifelock directors breached their fiduciary duties and caused damage to the company and its shareholders.
In 2010 Lifelock Inc entered into a settlement order with the Federal Trade Commission ("FTC") and purportedly changed its marketing and business practices in connection with this settlement.
In July 2015, the FTC alleged that Lifelock Inc had been violating the terms of the 2010 settlement.
In October 2015, Lifelock Inc and the FTC reached another deal, whereby Lifelock Inc agreed to pay $116 million in penalties and costs.
On January 8, 2016, NYSE:LOCK shares closed at $13.17 per share.
Those who purchased shares of Lifelock Inc (NYSE:LOCK) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Lifelock Inc (NYSE:LOCK) Shareholder Alert: Investigation of Possible Wrongdoing by Certain Directors
An investigation on behalf of current long term investors in Lifelock Inc (NYSE:LOCK) shares over possible breaches of fiduciary duty by certain officers and directors was announced.